James C. Kerr
On July 23, 2026, James C. Kerr, Executive Vice President and Chief Financial Officer, informed The Gorman-Rupp Company (the “Company” or “Gorman-Rupp”) of his decision to retire from the Company.
Highest-materiality recent filing
Gorman-Rupp CFO James C. Kerr to retire; Ronald F. Stoops named successor effective Oct 1, 2026
James C. Kerr to retire as EVP and CFO effective October 1, 2026.
Gorman-Rupp Q2 2026: record net sales $186.1M, EPS $0.74, up 23% YoY
Record Q2 net sales $186.1M (+3.9% YoY); net income $19.4M ($0.74 EPS) vs $15.8M ($0.60 EPS) in Q2 2025.
All nine director nominees elected with 19.5M to 20.4M votes for; Jeffrey Gorman received 20.1M for.
Gorman-Rupp Q1 net sales up 7.7% to $176.6M; record EPS of $0.68 vs $0.46 YoY
Record net income of $17.8M ($0.68 per share) vs $12.1M ($0.46) in Q1 2025.
Gorman-Rupp posts record 2025 sales of $682.4M; net income rises to $53.0M
Q4 net sales $166.6M (+2.4% YoY); full-year sales $682.4M (+3.4% YoY, record).
Gorman-Rupp Q3 sales up 2.8% to $172.8M; GAAP EPS down, adj EPS up; facility optimization
Net sales $172.8M (+2.8% YoY); GAAP EPS $0.43 vs $0.49; adjusted EPS $0.52 vs $0.49.
Gorman-Rupp Q2 2025: record sales $179M, net income $15.8M ($0.60 EPS), orders +15.7%
Record net sales $179.0M, up 5.6% YoY; growth led by municipal (+$3.5M) and fire suppression (+$2.8M).
Gorman-Rupp elects Pamela A. Heminger, a Caterpillar SVP, as new independent director
Elected at annual meeting on April 24, 2025, effective immediately.
Gorman-Rupp Q1 2025 EPS $0.46, up 53% YoY; revenue $163.9M, +2.9%
Net income of $12.1M ($0.46 diluted EPS) vs $7.9M ($0.30) in Q1 2024.
Gorman-Rupp Q4 net income up to $0.42/share; full-year adjusted EPS $1.75 up 28% YoY
Q4 net sales $162.7M (+1.3% YoY); net income $11.0M ($0.42) vs $9.0M ($0.34).
Gorman-Rupp Q3 net income up 44%; Executive Chairman to non-executive role
Q3 net income $12.9M ($0.49/share) vs $9.0M ($0.34) in Q3 2023, a 44% increase.
Gorman-Rupp Q2 adjusted EPS $0.54, up 32% YoY; record Adjusted EBITDA $35.4M
Q2 net sales $169.5M (-0.9% YoY); GAAP net income $8.3M ($0.32 EPS) vs $10.5M ($0.40) prior year.
Gorman-Rupp refinances debt; upsizes term loan to $370M, issues $30M notes, retires sub debt
Upsized senior term loan to $370M, extended maturity to May 31, 2029 (from 2027).
Shareholders approve Gorman-Rupp 2024 Omnibus Incentive Plan; 1.24M shares authorized
Shareholders approved 2024 Omnibus Incentive Plan with 1,239,271 shares available for awards.
Gorman-Rupp Q1 net income rises to $7.9M; record orders of $178.9M up 7% YoY
Net sales $159.3M (-0.7% YoY); net income $7.9M ($0.30 EPS) vs $6.5M ($0.25 EPS) prior year.
Gorman-Rupp Q4 net income $9.0M ($0.34 EPS) vs $2.4M YoY; full-year revenue up 26.6%
Q4 net sales $160.6M (+10.0% YoY); net income $9.0M vs $2.4M; adjusted EPS $0.34 vs $0.11.
Gorman-Rupp Q3 net sales $167.5M (+8.9% YoY), net income $9.0M ($0.34 EPS) vs $2.2M
Net sales $167.5M, up 8.9% YoY; net income $9.0M ($0.34 EPS) vs $2.2M ($0.09 EPS) in Q3 2022.
Gorman-Rupp Q2 net sales $171.0M (+43.6% YoY); net income $10.5M vs loss in prior year
Net income of $10.5M ($0.40 diluted EPS); adjusted EPS $0.41 vs $0.27 in Q2 2022.
Gorman-Rupp elects Charmaine R. Riggins to Board; Taylor retires after 20 years
Charmaine R. Riggins, CEO of Loparex LLC, elected as independent director at April 27 annual meeting.
Gorman-Rupp Q1 net sales up 57.1% to $160.5M; EPS down to $0.25 vs $0.29 YoY
Net sales $160.5M, up 57.1% YoY; organic sales excluding Fill-Rite rose 17.9%.
Gorman-Rupp Q4 sales up 55% to $146M; GAAP EPS drops to $0.09
Q4 net sales $146.0M (+55% YoY); organic growth 19.3% excluding Fill-Rite acquisition.
Gorman-Rupp declares $0.175 quarterly dividend; director Taylor not standing for re-election
Quarterly cash dividend of $0.175 per share, payable March 10, 2023 to holders of record Feb 15, 2023.
Net sales $153.8M (+50.6% YoY); organic growth 11.3% excluding Fill-Rite acquisition.
Gorman-Rupp files financial statements for $525M acquisition of Tuthill Transfer Systems
Acquired business (Fill-Rite, Sotera brands) had 2021 net sales of $132.7M and net income of $14.5M.
Gorman-Rupp reports Q2 net loss of $1.0M due to Fill-Rite costs; revenue up 28%
Q2 net loss $1.0M ($0.04 loss per share) vs. net income $7.1M in Q2 2021; adjusted EPS $0.27 vs. $0.32.
Gorman-Rupp completes $525M acquisition of Fill-Rite; financed with $440M in new debt
Acquired Fill-Rite and Sotera brands from Tuthill Corp for $525M; net $445M after ~$80M expected tax benefits.
Gorman-Rupp shareholders re-elect all nine directors, approve say-on-pay and auditor
All nine director nominees elected; votes ranged from 16.8M to 17.6M for each.
Gorman-Rupp acquires Fill-Rite for $525M; Q1 sales up 14.8% to $102.2M, EPS $0.29
Acquisition of Fill-Rite/Sotera from Tuthill for $525M; net ~$445M after $80M tax benefits; expected close Q2 2022.
Gorman-Rupp grants performance shares and RSUs to three top executives under 2015 plan
Performance shares target: King 6,162, Kerr 4,930, Burnell 4,519; based on operating income and equity growth.
Gorman-Rupp Q4 EPS $0.25 vs $0.26; sales up 14%; backlog surges 64% to $186M
Q4 EPS $0.25 (incl. $0.08 unfavorable LIFO) vs $0.26; net sales $94.2M, +14.1% YoY.
Gorman-Rupp Q3 EPS $0.34, sales up 14.8%; CEO transition to King; dividend raised 9.7%, $50M buyback
Q3 EPS $0.34 vs $0.28; net sales $102.1M (+14.8% YoY); backlog $156.5M (up from $102.0M a year ago).
Gorman-Rupp Q2 EPS $0.27, revenue $93M (+8.4%); orders up 46.6%
EPS $0.27 vs $0.22 (includes $0.05 pension charge); net income $7.1M vs $5.6M.
On July 23, 2026, James C. Kerr, Executive Vice President and Chief Financial Officer, informed The Gorman-Rupp Company (the “Company” or “Gorman-Rupp”) of his decision to retire from the Company.
Mr. Kerr will be succeeded as Chief Financial Officer by current Vice President of Finance, Ronald F. Stoops, effective October 1, 2026.
Jeffrey S. Gorman notified the Board of Directors of the Company that, effective January 3, 2025, he will transition from Executive Chairman of the Board to Chairman of the Board.
On January 25, 2023, Rick R. Taylor notified The Gorman-Rupp Company (the “Company”) of his intent not to stand for re-election as a Director at the Company’s 2023 Annual Meeting of Shareholders scheduled in April, at which time his term as a Director will expire.
Mr. Gorman will serve as the Company’s Executive Chairman of the Board and will continue to be actively involved
the role of Chief Executive Officer will transition from Jeffrey S. Gorman to Scott A. King
Max materiality 0.90 · Median 0.70 · Most common event earnings